Indorama’s $700-million petchem project in India to be located in Tamil Nadu

11:18 AM MST | November 28, 2012 | Deepti Ramesh

Indorama Ventures (Bangkok) tells CW that the previously announced petrochemical project in India that will consist of plants producing purified terephthalic acid, polyethylene terephthalate, and polyester staple fiber, will be located in the state of Tamil Nadu in southern India. Indorama announced its plans for the project in January 2012. Indorama signed a deal with Indo Rama Synthetics (India) (Nagpur), an Indorama group company that produces polyester fiber, to form a joint venture for the project. Indo Rama Synthetics India informed the Bombay Stock...